The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: ChanceIs who wrote (76189)	4/18/2007 1:52:46 PM
From: Perspective	Read Replies (1) of 306849

<the wealthy are in all likelihood better money managers than the government.> If that were true (as I feel it used to be), I wouldn't have as much of a problem with the status quo. However, right now I see an unbelievable disinterest in real solutions to global warming, the expiry of fossil fuels, and the destruction of the commons on the part of the private sector. They are happy to suck up the benefits from the status quo as long as they can. A solution to this kind of problem requires investment time horizons longer than next quarter or next year. Wall Street and Corporate America have attention deficit disorder and have no interest in these time frames. The government seems to be the only hope for any long-term oriented thinking these days, the kind required for revolutionary change in energy, medicine, and transportation systems. BC

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